Curbline Properties Prices $204M Stock Offering

Underwritten offering includes 30-day option for 1.2M extra shares and 18-month forward settlement, funding acquisitions, capex and debt repayment.

Published on Feb. 10, 2026

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Curbline Properties Corp. (NYSE: CURB) announced the pricing of an underwritten public offering of 8,000,000 shares of its common stock, with an aggregate gross proceeds of approximately $204 million. The offering is expected to close on February 12, 2026, subject to customary closing conditions. Morgan Stanley and BofA Securities are acting as the underwriters for the offering.

Why it matters

The stock offering will provide Curbline Properties with additional capital to fund its growth strategy, including the acquisition of properties, capital expenditures, and debt repayment. As a publicly traded REIT, this offering is an important step in Curbline's ability to access the capital markets and expand its portfolio of convenience shopping centers.

The details

In connection with the offering, Curbline entered into forward sale agreements with Morgan Stanley and BofA Securities, with respect to 8,000,000 shares of the company's common stock. The underwriters have also been granted a 30-day option to purchase up to an additional 1,200,000 shares. Curbline intends to physically settle the forward sale agreements within approximately 18 months from the date of the prospectus supplement.

  • The offering is expected to close on February 12, 2026.
  • Curbline intends to physically settle the forward sale agreements within approximately 18 months from the date of the prospectus supplement.

The players

Curbline Properties Corp.

An owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. Curbline is a self-managed real estate investment trust (REIT) that is publicly traded on the NYSE.

Morgan Stanley

One of the underwriters for Curbline's common stock offering.

BofA Securities

One of the underwriters for Curbline's common stock offering.

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What’s next

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The takeaway

This stock offering will provide Curbline Properties with additional capital to fund its growth strategy and expand its portfolio of convenience shopping centers, demonstrating the company's ability to access the capital markets as a publicly traded REIT.